Evening Star Newspaper, September 12, 1935, Page 18

A—18 #¥¥ Fl D.C. STORE SALES JUMP IN AUGUST Run 17.5 Per Cent Above Last Year, Reserve Bank Announces. BY EDWARD C. STONE. Retail sales in Washington depart- fment stores in August soared to further heights when a 17.5 per cent advance in dollar volume was recorded in comparison with the same month Jast_year, the Federal Reserve Bank of Richmond reported today. At the same time cumulative sales 4n the leading department stores in the first eight months of 1935 showed an increase of 14.2 per cent, the best record made in any city in the Fifth Federal Reserve district, the report Teveals Total sales in 59 stores in the whole fifth district in August, 1935 were 7 per cent higher than sales in August, 1934, while cumulative sales for the frst eight months averaged 6 per cent ahead of the like period a year ago. For the whole United States, retail sales 1n August were 4 per cent better than last year, and strange to say, made a gain of exactly 4 per cent in the first eight months of 1935 against the same eight months in 1934. Fifth District Cities Compared. Percentage comparisons of sales in fifth aistrice cities in August and the e'ght montis, with the same periods Jast year, follow: August Jan.-Aug.. 1935 935 Paltimore. Md Chaileston, S. C. ——- Charleston, W. Va.___ Huntinston, W. Va Lynchbure. Va.-- WNorfolk, Va._ Richmond, Va.__- Washineton = Winston-Salem. N. C. Other cities Fifth district. United States. 507 stores State figures— Virginia BN E ) West Virginia. - 2 North Carolina - + 94 Bouth Carolina - +10.7 Retail Sales in 12 Districts. The Board of Governors of the Fed- eral Reserve Board reported here to- day that department stores sales in- creased from July to August by slight- 1v less than the usual seasonal amount. Consequently the board's index, which 59 stores makes allowance for differences in the | number of working days and for usual geasonal movements, declined from a Jevel of 80 per cent of the 1923-1925 everage in June and July to 79 per | gent in August. . ) Atlanta led the list in gains in ‘August over last year, in the 12 dis- tricts, with Minneapolis and Kansas City close seconds. Trade in Boston, New York and Philadelphia was not quite up to August a year ago. the board says. Comparisons by districts “follow: Jan. 1to Aug.* Aug.31* + 4 Strs. Citles Total 507 240 [Reserve districts Boston - New York . — Philadelphia Cleveland - Richmond . Minneapolis - Kansas City Dallas __ .- + San Francisco + 8 +10 R ®August figures preliminary: in most cities DA onth had the same number of basiness days this vear and last_vear. but this August there were five Satur- Qavs. as compared with four & year ago. Gleaned in Financial District. Directors of the National Metropoli- | tan Bank have declared the regular 3| per cent semi-annual dividend on the | capital stock, payable October 15 to shareholders of record October 5§, transfer books being closed from Oc- tober 5 to 14, inclusive. Hugh D. Auchincloss. senior partner of the New York Stock Exchange firm of Auchincloss, Parker & Redpath, and Arthur G. Redpath. resident part- | ner of the firm in New York, sailed | for Europe on the Manhattan to be | gone a month. The trip is a combi- nation of business and pleasure. The new offering of $24,000,000 Re- public Steel general mortgage 4!, per cent bonds was sold out before 10! o'clock yesterday morning. Coming | oout at 100 they quickly got up as high | £s 104 bid, several Washington bank- ers parting with blocks of them at Rhat figure. The clock in front of the Potomac Branch of the Hamilton National Bank in Georgetown, which has re- corded 10:15 as the correct time for ‘geveral weeks, has been moved up to 12. It is said the hands were given a push on account of the rise in the stock market. Controller J. F. T. O'Connor told the Financial Advertisers’ Convention Yesterday that every citizen in the ‘United States who has money should have some percentage of it in Gov- ernment bonds. He recommended that the banks undertake a campaign to increase public interest in these 4ssues. Bonds in Best Demand Today. On the Washington Stock Ex- change today Potomac Electric Power Consolidated 5s appeared on the board in two $1,000 sales at 1023;. Capital ‘Traction 5s recorded a $1.000 trans- fer at 97, fractionally lower than the last previous sale. In the stock division, Potomac lectric Power 6§ per cent preferred came out at 110% and a single share of Washington Loan & Trust Co. stock changed hands at 200, same as the last previous sale. 1. J. Roberts, assistant cashier of the Riggs National Bank and secretary to President Fleming, has returned from three weeks' vacation passed on Long Island Sound, near New Haven, Conn. A. E. Henze, head of the order de- partment at W. B. Hibbs & Co., has returned from his vacation. Charles Francis Adams, former sec- retary of the Navy and head of the Union Trust Co. in Boston, has been named first president of the Boston Community Federation to direct relief campaigns for funds for 100 private social welfare agencies and hospitals throughout greater Boston. Daily average sales of variety stores showed a decrease from July to Au- gust of 312 per cent in dollar volume, the Department of Commerce reports. SPORTS COATS ORDERS. NEW YORK, September 12 (P).— One of the best seasons in sports coats in several years is said to be developing, with current volume re- to be running from 10 to 20 :; 65 | | 14w NANCIAL. FINANCI AL. TRANSACTIONS ON THE NEW YORK STOCK EXCHANGEMARKHBAH]_[S By private wire direct to The Bi Prev. 1035 High. Low. Stock and 1 (12) e 9% 831 14% A Express. 28 Adams Millis 11) —oe 8 Addressog’h(a30c)- 14'% 4% Advance Rumel: 8% 6% Affliated Pro (60c) x 149*4 104% Alr Reduction (13).. 1% % Air-Way Elec Appl. 20'% 15% Alaska Jun (160c).. 2% % Alleg Corp (d) ... 813 2% Alleg pf w$30w (d). 7 1% Alleg pf xw (d) 19% 6% Alleg pr pf (d) 303 21 Allegheny Stl 17013 125 Allied Chem (6) 7% 813 Allied Stores _ 49 Allied Stores pf (5). 12 Allis Chalmers . __ 14 Alpha Port Cmt (1). 2's Amal Leather _ 481 Amerada Corp (2) _. 41'; Am Ag Ch(Del)(3).x 13'2 Am Bank Note - 4 43 Am Bk Note pf (3). 21 Am Brk Shoe (1) 1465% 110 Am Can (14) ._ 168 151% Am Can pf (7) 25% 10 Am Car & Foundry_ 5T'3 25'3 Am Car & Fdry pf. 8 Am Chain _ 38 Am Chain pf 22': Am Comcl Alcohol 6's Am Crystal Sugar . | 2% Am European Sec__ 2 Am & Foreign Pwr 12 Am & For Pw $6 pt 14 Am & For Pw $7 pf._ 7 Am & For Pw 2d pf 8% Am Hawalian SS(1) 2% Am Hide & Leather 17 Am Hide & L pf 29's Am Home Pr (2.40) x 2% Am Ice____ 18 Am Ice pf (6) 4'2 Am International 9 Am Locomotive 32 Am Locomotive pf_. 18'3 Am Mch & Fy (80c) 4% Am Mch & Metals _ 4'; Am Mch & Met vtc_. 1313 Am Metal 2 24 Am News (113) ___ 1'5 Am Power & Light_ 8% Am Pw & Lt $5 pf__ 10's Am Pw & Lt $6 pt. 10's Am Radiator 15% Am Rolling Mills __ 66 Am Safety Raz (5)_ 4); Am Seating vtc 20 Am Shiphldg (2) 31% Am Smelt & Ref 121 Am S&R 7% pf (1)~ 12 Am Steel Foundry .. 88 Am Stl Fdry pt (2)_ 3312 Am Stores (+2)____ 514 Am Sugar (2)___ 18'; Am Sumat Tob (+1) 9875 Am Tel & Tel (9)_. 722 Am Tobacco (5) ___. 74% Am Tobacco B (5)__ 22 Am Type Fdrs (d)_. Tis Am Water Work! 47s Am Woolen___ 853 Am Woolen pf_ ... 3 Am Zinc & Lead____ 8 Anaconda Copper-_. 124 Anchor Cap (60c) _ i 100 Anchor Cap pf(6%) | 21, Andes Copper._ | 52 36 Archer Dan M z ?| 108 97 Armour Del pf (7). « Armour of Illinofs . £5'3 Arm'r(Il1)pr pf (8)_ 1613 Armstrong Cork 506 4 Arnold Constable.. 71 Asso Dry Goods 8074 Asso DG 1st pf ($9) 29% Asso Oil (a80c)____ 35% Atch To&S Fe (a2) 19 Atlantic Coast Line 213, Atlantic Ref (1) 32% Atlas Powder (2 106% Atlas Pwr pf (6) 4 Atlas Tack__ 15 Auburn Auto 5'4 Austin Nichols 3572 Austin Npf A (2) " Aviation Corp(Del) —_—— 1'; Baldwin Loco (d)_- 7'2 Baldwin Loco pf (d) 18 71, Baltimore & Ohlo__. 23 915 Baltimore & Oh pf__ 109:: 1008 Bamberger pf (614) 49': 36'x Bang & Aroos (2%) 314 Barker Brothers___. 32 Barker Brothers pf. *% Barnsdall Corp ___. 37'; Bayuk Clgar (11)__ 107% Bayuk C 1st pf (7). 14'x Beatrice Cre (a50c). 72 Beech-Nut P (t3)__ 11'% Belding-Hem (1)__. 117 Bendix Aviation 15% Beneficial Lo (1%). 34 Best & Co (2)__ 21% Bethlehem Steel __ 55% Beth Steel nf(alK) 14% Bigelow-San Corp.. 9% Blaw-Knox __ 103% Bloomingdale pf(7) 1 28% Blumenthal pf ___. 614 Boeing Airplane___ 39%; Bohn Alum &Br (3) x 90 Bon Ami (A) (14)__ 2 Bon Ami (B) (12)_. Borden Co (1.60) . %4 Borg-Warner (2)__ x 813 Bridgep't Brass 40c x 24': Briggs Mfg (2) ___ 23, Briggs & Strat (3) 3613 Bklyn-Man Tr (3) . 90 Bklyn-Man T pf(6) 14 Bklyn&Qpf(2)._ x 2 43 Bklyn Union Gas(5) 3%, Brunswick-Balke 4% Bucyrus Erie 814 Bucyrus Erie cv pf_ 62% Bucyrus Erie pf (2) 31 Budd(EGI)Mfg ... 23 Budd(E G)Mfg pf_ '; Budd Whee 814 Bullard Co 3% Bulova Watch _. % Burns Bros(A)(d). % Burns Bro B (d) __ 2 13% Burr Add Mch(60c) 1 Bush Terminal (d) 10 Bush Term B pf cod 1% Butte Copper&Zine. 3 Butterick Co (d)._- 11% Byers (A M)_ _ 32 Byers (A M) of 5T 2T 28 46'3 114 26% 50% 40% 103% 2614 12 78 161 597 100 4 - 1 3% California Pkg(1%) 1 Callahan Zinc __ 213 Calumet & Hecla T3 Campbell-Wy a40 8% Can Dry G A (40c 50 Canada Southn (3). 9% Canadian Pacific__. 30 Cannon Milis (2) 4% Capital Admin (A). 45% Case (J 1) Co . Caterpillar Tr (t1). 19 ‘elanese Corp 17 Celotex Co (d) 11% Celotex Co pf 1d) 221 Cent Agulre (1%) . 38% Cerro de Pasco (4) . 3% Certain-teed Prod . 23 ertain-teed Prpf. 37% Ches & Ohio (2.30) 36 Chesapeake Corp(3) % Chi & Grt West (d). 1% Chi & Grt W pf (d) _ S Chi Ind&Lou pf (d). 15% Chi Mail Order (1) % Chi Mil StP&P (d). % Chi M StP&P pf (d) 1M Chi& NW @) ... 3% Chi & N W pf (d)_. 4% Chi Pneumatic Tool 20 Chi Pneu Tool pf. % Chi R 1&Pac (d) - 1% Chi R 1&P 6% pf(d) 25% Chickasha C O (2)-. 31 ChildsCo .. 9 Chile Copper 31 Chrysler Corp (t1). 14 City Ice & Fuel (2). x 69% City Ice&F pf(6%)- 5 3% City Stores 35% 27% Clev Graph Br (f1). 126 110 Cluett Peab pf (7). 15% Colgate-P-P (50¢, 9 Collins & Alkman . _ 69% Collins & Atk pf (7) % Colo Fuel & Ir (d) .. 5 ColoF&Ipf(d ... 35% ColG& Epf A ®- 341 Colum Pie vto (11). 67 Colum Carbon (4) . 391 Comel Credit (2%5) - 56% Comcl Inv Tr(12.80) 97% Comel In T pf(4%)- per cent better than was anticipated. MONTREAL SILVER. NTREAL. temb 12 (#).—Silver mng. THosed ‘steady. 38 lower (o 25 Righe Bales 10 contracts Low. _ 85.80 65.80 65. 575 T 8600 6600 65.90b 66,55 ©6.55 66.50b 17% Comel Solv (t60¢).. % Comw & Southern... 29% Comw & Sou pf (3)_ 27 Congoleum-N(1.60) 23% Conn Ry&Lt (43%). 7 Consol Cigar_____.. 3% Consol Film 14% Cons Film pf(31%). 15% Consol Gas N ¥ (1). 72% Consol Gas pf (5)... 1% Consol Laundries_— Pales— Dividend Rate. A‘UW High. 1280 138 Am Brk Shoe nrm’ 1408 34 4 72 AmCrysSist pf 6. 140s 3 64 3808 21 00s 20s 40 11 80s 608 25 26 15 67 28 0 008 87 3 908 2 1 9 10s 7 1 390s 65% 16 46% 1 46's 1 3% 1 208 2413 466 T2% 4 15% 708 76 2 & 6 34% 30s 112 Net. VI +4+ 14+ T+ [l G G 1% -1 15% + % 7% -1 4 34—y 12 13 184 18% — 1, 30% 30% —1% 10315 104 +1% |- 2% 2% — % 15% — % 13% + % 13% — % 86 + % 67 924 ~1% 514 — % % 68% — % 100% + % % 20% 2 + % 57% +. % 32% — % 48 —-% 8 4% 16% — % 27% — 9% ~ 4 3% Prev. 1935 High. Low. 10% 6% Consol Oil (a26¢)--. 14 % Consol Textile ... 13% 8% Container Corp (A). 5% 2% Container Corp (B). 9% 4% Contl Baking (A) .. 1% % Contl Baking (B)._.. 91% 62% Contl Can (2.40)___ 1% 7 Contl Dia F (ab5c)_. 28% Con{ Insur (11.20). % Contl Motors —— 15% Contl O Del a62%c_. 41% Corn Ex Bk&TT (3). 62 Corn Prod Ref (3 165 149 Corn Prod pf (7) 6% 44 Coty Inc 39% 35% Cream of Wh ( 16% 121 Crosley Rad (a26e). 36% 231 Crown C&S (1) 47% 43': Crown C&S pf(2.70) 89'% 742 CrownWP1st pf(5). 5% 3% Crown Zelleb’k vte. 27% 14 Crucible Steel. 8513 47! Crucible Steel pf. 813 5% Cuban-Am Sugar. 80% 40'% Cuban-Am Sug pf. 47'; 39% Cudahy Pkg (2%).. 22% Publishing.. 105% 3 64 Curtiss Wright (A) 16 Cutler Hammer.___ 22% Deere & Co 19 Deere&Co pf (375¢c) . 23'% Delaware & Hudson 11 Del Lack & West .. 2 65 Detroit Edison (4). 35'3 Devoe & R (11) A _ 612 Diamond Mtch t1% 34% Diam Mat pf (11%) 34'x Dome Mines (12) 17'2 Douglas Air (aT5c). 13! Dresser Mfg A bl13 6% Dresser Mfg B % Duluth S S & Atl 2 Dunhil Internatl 124 Duplan Silk (1) 86% Du Pont (13.60 165% Eaton Mfg (t1) 19% Electric Auto Lite_. 107 Elec Auto L pf (7)._. 37 Electric Boat 5% Elec & Mus Ind 1'x Elec Pw & Lt 213 Flec Pw & Lt $6 pf_ 3 Elec Pw & Lt $7 pf_ 39 Elec Stor Bat (2%). "4 Elk Horn Coal (d) __ 125% Endicott-Joh pf(7). 1!y Engineers Pub Sve. 14 Eng Pub Sve $5 pf 14'; Eng P 8 $5.50 of ww 15'; Eng Pub Sve $6 pf_. 4': Equip Office Bld‘_.. Hn ErleRR sErfeRR1stpf ___. l"'-: Eureka Vac C (80c) Fvans Products(1)_ —_—_— 9 4 Fairbanks Co pt 17 Fairbanks Mor: 5% Fed Lt & Tr. 48 Fed Lt & Tr pf (G) 3% Fed Motor T (al0c). 2 Fed Screw Works__ 7 Fed Water Sve (A). 16'x Fed'd D Strs (160c). 28'; Fid Ph F In (11.20)_ 13'\ Firestone (40c) 8414 Firestone pf A (§ % First Nat Strs (2 19 Florsheim (1) A 2' Follansbee Bros(d). 20'% Food Machine (1) .. 9% Foster- Wheeler____ 60% Foster-Wheeler pf 19% Four Nat Iww al.10 17% Freeport-Texas (1) 4% FullerCo2dpf ... % Gabriel Co (A) 5's Gen Am Investors _ 842, Gen Am I pf ww(6)._ 32% Gen Am Trans(1%) 11% Gen Asphalt 7% Gen Baking (60c) 115 Gen Baking pf (8)_. 5% Gen Bronze Gen Cable Gen Cable (A)-———— Gen Cable pf 112 Gy 8% Ty 28 1 Gen Gas & El (A)__ 26% Gen Motors (12)_ 107'; Gen Motors of (5)_. 3 Gen Outdoor Adv__ 10 Gen Outdoors Adv A 8 208 68 10s 15 17% Gen Print Ink(1.60) 410s 1x Gen Public Service_ 15% Gen Ry Signal (1)_. % Gen Realty & Util__ 14% Gen Real & U pf ww 16% Gen Refractories _ 14 Gen St] Casting pf 12 Gillett Saf Ras (1) 7013 Gillett Saf R pf (5). 24 Gimbel Bros __. 18 Gimbel Brospf____. 23% Glidden Co (1) ___ 4 1047 Glidden Co pr of (7) 14 Gobel (Adolf) (d)__ 14% Gold Dust (1.20)... 712 Goodrich (B F) 40 Goodrich (B F) pf__ 15% Goodvear T&R 215 Gotham Silk Hose__ 1'% Graham-Paige._ 21 Grand Union - 14 Grand Unpf (1%) . 18'% Granite City Stl (1) 26 Grant (WT) (t1)__ 95 Grt Northern pf ___ 9% Grt North Ore (50c) 26% Grt West Sug (2.40) 38Y 26% 1313 323, 140 59% 201 Greyhound Corp 2% 1 Guantanamo Sugar. 26 6 Gulf Mobile & N pf . —_— 21'¢ Hackensack W(1%;) 6'2 Hamilton Watch _ 16 Harbison Walk (1)_ 99% Harbison W pf (6) - 512 Hat Corp of Amer. 1% Hayes Body 85 Hazel Atlas Gl (5) 11 Hercules Motor (1) 71 Hercules Pw (13)__ 5% Holland Furnace _ 6% Holland & Son (50c) 307 Hond-Hersh (214) A 613 H'daille-Hers B(1)_ 914 Houston Ofl 0 112 Houston Oil (new)_ 43 Howe Sound (13) . 2% Hudson & Manhat__ 6% Hudson Motor Car. * Hupp Motors —_— 17% 9': Illinois Central . 572 40 (11 Cent lse lines(4) 33 231 Indus Rayon (1.68). 93% 46% Inland Steel (12) _. 5 215 Inspiration Copper. 23% 8% Interboro R T (d) 8% 4% Interlake Iron 5 2% Int Agricultural 42% 26 Int Agricul prpf_ 184% 149% Int Bus Mach (+6) _. 74 3% Int Car'rs Ltd (206) 33 22% Int Cement (1) . 59% 3414 Int Harvester 60e)_. 4% 1% Int Hydro Elec (A). 1% Int Merch Marine _ 22 Int Nick Can) (80e . 1% Int Paper & Pw (A) 3 Int Paper & Pw (C). 4% Int Paper & Pw pf_. 211 Int Print Ink (1) __ 98'% Int Print Ink of (6). 2% Int Ry Cent Am 2% Int Ry C A(A)ctf: 9% Int Ry C A of 29 IntSalt (13%) 424 Int Shoe (2) ceeeeee 16 Int Silver _ g 5% Int Tel & Tel - 87 Interstate Dept St_. 25 Island Creek C (2) . 76 381% Johns-Manv (a50c). 125% 117% Johns-Manv pf (7). 7 119 Grt West Suz pf(7) x 30s 24 1 1 90 101 39 1 2 2 67 2 3 9 10s 17 103 2 84% 50 Jones&Laugh7%pf 120s 15“ 3% KnlCiE! Southn_. 2 6% Kans City South Df_ 2 7% Kaufmann D S(30c) 9 16% Kayser(J)&Coa%0c. 7 10% Kelvinator (t50c) . 13% Kennecott C (60¢) .. % = 22% Kroger G&B (1.60).. 17 12 Laclede Gas St L. 19% Laclede Gas pf . 22% Lambert Co (2) 8% Lee Rub&Tire ( Coal p: 5 Lehigh Valley R R. 67% Lehman C (12.40) . 10% Lehn & Fink (134)._. 6% Libby McNeill & L._ 213 Lib-O-Ford G1(1.20) 21 Life SBaver (1.60)... 93% Ligg & Myers (14)B \ 40 2% Ty 2% 40% 2% 38U 1615 102 0 1244 4 158 27% 30% v 110% 8y 6% 5% 22% 254 484 S 1291 mmumn.m m:o.m Low. Close. Onge. 8% — 19% 19% 104% 104% 2% Tha 27% Cl'm 1 23% 23% 21 116% 114 ll 4 Net. HW lfl!b ID% 24% 37 Stock and 16% Lily Tulip Cup(1%) 1 13% Lima Locomotive.. 14 17% Link Belt (80c)... 17 8474 24% Liquid Carb (t1)_.. 6 45% 381% Loew’s Ing (2)eeo.. 78 N 1 leftine.. ... 13 2% 1% Long Bell Lum (A) 8 41% 33 Loose-Wiles (2)__. 2 25% 181 Lorillard P ($1. 20) x 64 % 1% % La Ofl Ref (d)_____ 22% 10% Louisv G&EpfA 1%. 47% 34 Louis&Nash(a2%). 24% 12% Ludlum St 128 90% Ludlum Stl of (6%) — 46 40 McAndrews&F(12). 2 130 113 McAnd & F pf (6).. 10s 1 85% 28 McCall Corp (2).__. 1 13 T4 McCrory Stores (d). 10 14 7% McGraw Hill Pub__. 2 45% 36% Mclntyre Porcu (2) 83 8% 5% McKesson & Rob. . 15 46 32 McKesson& Robpt 1 156% 8% McLellan Stores... 15 281 18% Mack Truck (1)____ 15 51% 80% Macy (R H)& Co(2) 10% 5% Mad'n Sq Garalbe.. ig 13% Man El md gtd (d) .. 1% 178 10 Manhat Shirt (60c). 1 Maracaibo Oil Exp._.. 5% Marine Midld (40c). Market St Ry pf__ Market St Ry pr pf_ Marlin-Rockwell(2) i Marshall Field & Co Mathieson Alk(1%) Mathieson A pf (7) May Dept Str (1.60) Mavytag Co Maytag ww ($3%)_. 4 Maytag 1st pf (6) _ Melville Shoe (2%4). Mengel Co ¥ Mengel Copf. . Mesta Machine (2)- Miami Copper = Mid-Cont Pet(al5c) Midland Steel Prod. M1dI'd Sti 1st pf(8) Minn Hon R (13) _. Minn Hon R pf (6). Minn Moline Pw Minn Moline Pw pf_ Mission Corp___ Mo Kans & Texas _. » Mo Kans & Tex of. Mo Pacific pf (d) __ Mohawk C M (a25¢c) Monsanto Chem(11) Montgomery Ward_ Morrel & Co (3.60) _ Motor Products (2). Motor Wheel (60c)_ Mullins Mfg (A)_ Mullins Mfg (B) __ 9 Mullins Mfg (new)_ 100s Munsingwear In¢.. 4 Murray Corp 91 Myers ¢FE) & B (2)x 13% 23% 115 60 105 58 111% 105 5% 3% 31 191, 9% 3315 187 17"y 108 4% 34% 11 Nash Motors (1). 415 Nat Acme Co __ 224 Nat Biscuit (1.60)..x 13'3 Nat Cash Ri A(50¢) 12% Nat Dairy Pr (1.20) 106 Nat Dairy P pfB(7) 20s 114 Nat Dept Stores (d) 10 17 Nat Dept Strs pf(d) 200s 317 23'4 Nat Distiliers (2)__ 136 1622150 NatLeadpf (T)A__ 1 1401, 121% Nat Lead pf (6) B__ 308 | 47 Nat Pw & Lt (80c)_ 84 ' Nat Ry Mex 2d pf 40% Nat Steel (1) 9 Nat Supply Co_ 36 Nat Supply Co pt 814 Nat Tea (60c) x 713 Natomas Co (80c)_. 21% Neisner Bros (1) _ 43'3 Newberry J J(1.60) 4% Newport Industries 1812 N Y Afrbrake 12% N Y Central RR 93 NYChi&StLpf 4 X Doekpf .. Y Investors (4) Y N H & Hartford Y N H & Hartf pf N Y Ontario & West N Y Rwys pf (d) - N Y Shipbuilding _ Noranda Mines (2)_ % Norfolk Southn (d). Norfolk & W (18)__ North Am Aviation. North Amer Co (1) 'z North Am Co pf (3) orth Am Ed pf (6) orthern Pacific 9'¢ Ohio Ol (alse) 16% Oliv Farm Bq(ne 3'3 Omnibus Corp 4% Oppenheim LDlHn! 114 Otis Elevator (60¢) 106 Otis Elev pf (6) - 4'4 Otis Steel . __ 80 Owens-111 Glass(4). 14 Pac-Amer Fisheries 134 Pacific G & E (1) 19 Pacific Ltg (2.40) 12 Pacific Mills_____ 70 Pacific Tel & Tel (6) 111's Pgc.fic T & T pf () 6% Pac Wn Oil (b40e) _. 3': Packard Motors 8 Param’t Pic (ne 84 Param't Pic st pf__ 9 Param't Pie 2d pf__. 214 Park Utah % Parmelee Transp’ 5 Pathe Film Corp 8% Patino Mines % Peerless Motor_ 64'; Penick & Ford (3) 57% Penney J C (2) __. 2% Penn Coal & Coke _. 3 Penn Dixie Cement. 17% Penn RR (1) . 30 PeoplesDS (t1).__ 110% Peoples D S pf(6%) 17% Peoples Gas Chi__ 94 Pere Marquette 13 Pere Marquette pf. 161z Pere Marq pr pf 143 Pet Milk (1) 7% Petrol Corp_. 12% Phelps Dodge(a25¢) 1% Phila & Read C&1__. 35% Philip Morris (1) 5313 Phillips-J C pf (7). 13% Phillips Petrol (1) 3 Phoenix Hosiery 50 Phoenix H pf (3%3)- 23 Pierce Oil pf___ 8 Pierce Petroleum 31 Pilisbury F1 (1.60) . 26% PittsCoalpf . __. 515 Pitts Screw & Bolt.. 22'4 Pitts Steel pf s 1'% Pitts United Corp. 24’5 Pitts United C pt._. Pitts & W Va 65 Plymouth Oil_. 6’4 Poor & Co (B) . 13 Porto R Am Tob. 4% Postal Tel&C pf (d) 5 Pressed Stl Car (d). 6! Pressed Stl C pf (d) 423 Proc & Gambl (114) 120%'115 Proc & Gam pf (5) . 20% Pub Sve N J (2.40)_. 73 Pub Sve NJ pf (6).. 34 Pullman Inc (3) 57 Pure Oil 34% Pure Oil 6% Df 49% Pure O11 8% pf 8% Purity Bakerie: 22 125 17% 104 17 28% 441 21 | 1131 %136 3 1% 11 ) S o [SETTRREAE A 3 TP ik lllh 527 104 763 93 147 8% 4 Radio Corporation 62'a 50 RadioC'pofA (3%) 687 35% Radio Corppf B __ 4% 1% Radio-Keith-Or (d) 22'3 16'% Raybestos-Man (1). 11 3l Real Silk Hosiery. 63% 20 Real Silk Hose pf__ 12% 7 Remington-Rand 23% 21% Remington-R pr pf. 77% 69 Rem-Rand 6% pf_ 2% Reo Motor Car 9 Republic Steel 28% Republic Steel 28 Republic Stl pf coc 17': Reynolds Metals (1 12% Reyn'lds Spring(1)- 43 Reynolds Tob B (3) 21% Roan Antelope Ltd.. 44% 29% Royal Dal.70 1-10e. 46 36% Safeway Stores (2). 113% 104% Safeway Strs pf (6) 22% 10% St Joseph Ld (40¢).- U. S. HOME SHORTAGE. NEW YORK, September 12 (&#).— Writing in the current issue of the Analist, Walter Renton Ingalls, econo- mist, says “the United States is short some 900,000 houses at the present 4ime.” This figure, he adds, though much below some of the more optimistic current estimates, “is warranted on the one hand by the absence of gen- eral overbuilding in 1929 and on the other by an estimated population in- - '/! crease since that year of 4,899,000.” Dividend Rate. AMW High, 17 17 22% 38% 32% 25% 144% 124 Lorillard P pf (7)..x Nll 139 31% 15 37 208 110 31 21% 20% 20% + % Nes. | Prev. 1935 uv Close. Chge. lllg. Low. A~ 2% 21'4 21% + % 39% 4 38% 2% 39% FEFFEF 21 31 4215 29 4214 129 81% 11% 13% 39% T 39% 12% 23' 49% 10% 24% 4215 129 3% 11% 131 40% T 39% 125 23% 49% 10% 25 14% 1% T 3 9% 33% 10% 31% 4 146% 53% 134 49 101% 5T 5 391 34% 11% 13t 28% 23 213 16 20% 94 5% 36% 20 FF 79%; 19% (BEZSSRENA AR AL S RE 2 § OFEFEFrEr 5 9% 113 25% 2Ty 3| 116 111 28 ey 231y 67 5% 13% 10% 5% 25 11 14% 9% 5ly 23% 3 Li+t+000101 v 13 Tt b T 29 44 : 821 46 65 % St L-San Fran (d).. 1 St L-San Frpf (d)- 22 Schenley Distillers. 1% Schulte Retall Strs. 8 Schulie Re Strs pf_ 55 Scott Paper (1.80)_. 4 Seaboard Air L (d). 20% Seab’d O Del (160c). 1% Second Nat'l Invest. 40 Sec Nat Inv pf 3123 7% Servel Inc._. 9 Sharon Steel 3% Sharp & Dohme.__. 43 Sharp&Dpf (3%).. 7% Shattuck(F G) (25¢) 5% Shell Union Ofl.___. 634 Shell Union Ofl pf_. 8% Silver King C(40¢). x 6 SimmonsCo.. ... 5 Simms Pet (a50c) 6% Skelly Ol 24 Sloss-ShefM P 15% Snider Packing_ 10% Socony-Vac (30¢) .. Sou Porto R Sug(2) 10% South Cal Ed (1%). 12% Southern Pacific. .. 5'% Southern Railway... 7 Southern Rwy pf_ .. 59'; Spang Chalf pt $3% 130s 314 Sparks-Withington 32 Spencer Kell (1.60) x 13% 7% Sperry vte (a25e) .. 437% Spiegel-May-Stern. 13% Stand Brands (80¢). 130 122% Stand Brands pf(7). 212 Stand Com Tobacco. 113 Stand Gas & Elec__. 1% Stand G & E $4 pt_ 4% Stand G & E $6 pf. 6 Stand G & E $7 pf_. 7 Stand Inv Corp ___. % 27% Stand Ofl of Cal (1) Stand Oil Exp pf(3) Stand Oil of Ind (1) 50% 35% Stand Ol N J (11)_. 124 Starrett (L 8) (1) 58% Sterling Prod (3.80) 3l Sterling Secur pf___ 6% Stewart-Warner. 21; Stone & Webster. 2% Studebaker Corp Superheater (50c) 1% Superior Oil . _ 5 Superior Steel 14 Sweets Co of Am Symington (A)(d)_ 1ft & Co (160e) .- Twin (.lu RTDf_ Stock and Dividend Rate. A« 00, High. K 2 109 4 3608 30s 14 6 2 65 3 2008 113 73 5 1% 1% 38% 3 16% 68% ¥% 32 60 12 56 13 93 608 27 12 PROFIT TAKING Little Headway Is Made as Trading Pace Slows Down. STOCK AVERAGES a0 Net change_ l:d“' R"sl' Uu:‘ Elk“ 385 Today, close. 682 Prev. day__. 68" 388 Month ago. 64.8 378 Year ago... 477 269 1935 h)gh - 68.7 39.3 - 495 21.6 - 614 430 406 514 - 453 228 242 349 - 175 8.7 239 169 -146.9153.9 184.3 157.7 - 516 953 618 618 (Compiled by the Associated Press.) 505 50.9 48.4 36.7 509 348 269 275 26.0 245 276 185 LY VICTOR EUBANK, Associated Press Financlal Writer. NEW YORK, September 12—The stock market battled profit taking to- day and, except in spots, was unable to make any headway. 30 6% Telautograph (60¢) 4 Tennessee Corp 16'; Texas Corp (1) 28% Texas Gulf Sul (2). 14 Texas&PacRR. .. 3% Tex Pac Coal & Oil. 8'3 Tex Pac Land Trust 13% Thatcher (1) 5% The Fair _ 2 Thermold » Thomp'n(JR Thompson Products 1% Thompson Starrett. 7% Tide Wat Asso Oil.. 84 Tide Wat A O pf(6) 4% Timken-Detroit __. 28% Timken R B (11)___ Trans & Westn Air_ 47s Transamerica(30c). 5 Transue&Willlams. 174 Tri-Contl Corp 4y Truax-Tra Coa 3'3 Truscon Stee! 20th Century F 20th C -—mur v Fox p ;1 10 14 330s 1% Ulen & Co___ el Union Bag&Pap (2) 8 Un Carb & C (1.60) . 14% Un Oil of Cal (1) Un Pacific (6) - 79'; Un Pacific pf ( 207 Un Tank Car (1.20) 2 23 3 | 975 United Afrcraft__ 4': United Air Line vtc 20% United Bisc (1.60) United Carbon 2.40 x 1'; United Corp__ 20% United Corp Df (3)_ 8% United Drug______ 4's United Dyewood . _ 65 United Dyew pt (7) x 6Us 4+ United Elec Coal United Fruit (3)___ 9% United Gas Imp (1) % U S Distributing . __ 5 U S Distributing pf 47 i | 38 50 29 6 10 73 130s For'nSecur__. 4 5 Freight (1) . 2 sypsum (+1) _x 1 il Gypsum pt (7). x 208 Hoffman 35'« U S Ind Alcobol (2). 3'% US Leather vic___. 4 61 4 7'2 US Leather A vte 14% U S Pipe & F (50¢) 3 2, T+1+1010 46 51 29 Fiits 34 2% 250 82% 6% % 28%; 5% 4 k 2 22% 11:00 AM.. 24% 56% 27% 41% 27% + 4 42 +u declarations. 37% — % 110 — % 37% 1 33 110 plus exira reorganized. 11’4 Vanadium Corp 11 Van Raalte (a2ie) Vick Chem (12) 2'3 Va-Car Chemical___ 17'; Va-Car Chem 6% pt El & Pw pf (6) - 1% Wabash pf A (d) .. » Waldorf Sys (50¢) 261 Walgreen Co (1.40 1% Walworth Co__ 5 Ward Baking (A)_ 1% Ward Baking (B)__ 28's Ward Baking pf (2)x 2% Warner Bros Ple._ 2 Warner Bros Pic pf 100s Warren Bros Warren Fdy&P (2)_ Wells Fargo ___ Wesson O&S (150¢) x Wesson O&S pf (4). 1 West Pa Elec (T)A West Pa Elec pf (6) 30s West Pa Elec pf (7 West Pa Pwr pf (7) Western Maryland Western Pacific (d). 2%¢ Western Pac pf (d). Western Unton ____ West'gh'se A B 60c.. % Westinghse El as0c West'h'se 1st pf 33 Weston Elec Inst___ Westvaco Chi ‘40¢c) Wheeling Steel Wheel Stl pf(3132)- “s White Motor 2 White Rk M S(1.40) Wilcox Oil & Gas _. Wilson & Co (azic). Wilson & Co pf (6)- 51 Woolworth (2.40)__ 11% Worthington Pump. Worth Pump pf A__ 3% Wrigley W jr (13)_. 31's 17% Yale & Towne (60¢) 2% Yellow Truck .. 31% Yellow Truck pf. 38%: 18 Young Spr& W (2). 13 YoungstownS&T_ 1% Zenith Radio_ 2% Zonite Products Rights Expire. 1 Budd Mfg. 1% Granite C S_Sept. 25 Approximate Sales of Stocks on the N. Y. Stock Exchange. s Unit of trading less than 100 shares. t Accumulated dividends. a Pal d Companies x Ex dividen U S Realty & Imp_.. 91y US Rubber ____ : 92 USSmelt&R (a6). GT’«LSSm&Rpr 73% U S Steel pf (2)- 313 United Stores (A) United Stores pf Univ Leaf Tob (12). « Univ Leaf T pf (8)_ Univ Pic 1st pfd ___ 1 Univ Pipe & Rad___ 913 Univ Pipe & Rad pf 3508 1 UtlPw &Lt (A) 11 108 108 31 Sen KRG B =ONG e a ___ 100s 8 T0s 208 20s 6 2 % I — % Apr. 16 103 28 1% 00 Nnun. eenns 800,000 .340,000 1 SEO 000 Dividend rates as given tn the above table are the annual cash payments based on the latest quarterly or half-yearly | t Annual rate— b Pald being d this year. greporied i’ receivership or MEMBERSHIP SOLD. NEW YORK, September 12 (#).—A membership on the New York Coffee & Sugar Exchange has been sold for $3,500, a decrease of $600 from the previous transfer. — Minneapolis-Honeywell Regulator Co. —Company called for redemption on October 31, at $105, 9,000 shares of its 6 per cent cumulative preferred stock; a dividend of 50 cents a share was declared on the stock to be called. DIRECTORS TO MEET. NEW YORK, September 12 (P).— The New York Stock Exchange has been advised by the W. A. Sheaffer Pen Co. that a special meeting of directors will be held at Fort Madison, Iowa, on September 20 for the purpose of declaring a common dividend which, it is proposed, will be payable October 15 to stock of record September 30. ‘The last dividend declared was March 6, when a $1 dividend was ordered payable March 15 to stock of record March 9. . | quiet | | | Resistance was shown by mining | 1ssues and various specialties, but some of the recent leaders backed up % a point or more. The tone was mixed. Transfers approximated 1.850,000 shares. Trading Pace Slows. | The list milled about uncertainly during the greater part of the ses- | sion. The trading pace slowed ap- | on early selling flurries ity expanded, however, in e last hour and declines were gen. ], untii just before the finish scattered support appeared. Reac- tions were attributed mainly to a technical correction due to the rapid upturns of the past week or so. The grains gave little aid to equities wheat and corn pointing lower. ton was listless. Bonds followed exchanges were Among the | Ludlum Steel, Inte Machines, Dome, Mc: American Smelting, Cerro de Parrf American Tobacco “B.” Americ | Water Works, Electric Auto-lite a spots shares of 1ational Business tyre Porcupine Traction Issues Soggy. New York traction issues were aga Inm)ho'u and Manhattan o 2 points each. Lesser cas- ted States Steel, General Motors, mbian Carbon, American Car & foreign currencies ‘un(harnfld in late dealings were the British pound at $4.94, belgas at 16.87 cents, Swiss francs at 32.54 cents and | Canadian dollars at 99.81%; cents French francs were off 00's of a | cent at 6.59'5 cents and guildera :'!(‘!ded 02 of a cent at €7.57 cents. | Wheat ended with declines of 3 to "% of a cent a bushel and corn was to 134 Oats eased '5 to ! innipeg wheat firmed 's to Cotton closed 30 to 35 cents a bale INSURANCE STOCKS HIT NEW HIGH FOR THE YEAR Bpecial Dispatch to The Star. NEW YORK, September 12 —A new ‘1937 high was again reached during | August by insurance stocks in the New York City market, Hoit, Rose | and *Troster report. The weighted average of 20 representative issues [opened August 1 at 57.46 and reached the new 1935 high of 58.47 on August 13. This compares with the former 1935 high of 57.40 on July 29 Toward the latter part of the month the list reacted in sympathy | with general security markets, de- | clining to the month's low of 55.92 |on August 27. Hewever, the list re- covered 42 per cent of this decline ! from the high to close August 31 at 56.99. SHORT-TERM SECURITIES. (Reported by Chas. D. Barney & Co. DIRECTORY COMMODITY BROKERS COTTON Member N Y. Cotton Exch Laidlaw & Co -DL Prospectus on INCORPORATED INVESTORS A Mutual Fund Invested in High-grade Common Stocks Mailed on Request WAaGGAMAN , BRAWNER & Co. cfuc. 1700 Eye St. N.W. Met. 3860 COMPLETE INVESTMENT SERVICE U. S. GOVERNMENT AND ALL BONDS Bank: and Insurance Stocks Listed ‘and Unlisted Securities OBERT €. JONES & €O